My analysis of 3 comparable properties puts this home's estimated value at $482,733. Based on how the local market is moving, a list price between $381,000 and $391,000 would position this home well. This would position the home competitively among 7 active listings in PINE FOREST P III. The larger floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (1.12 acres versus the area average of 1.01) contributes to the valuation. 7 similar homes are currently available in PINE FOREST P III, creating a buyer's market for this price range. The 6 month price trend in 78602: risen 0.2%. The best comp here is 108 E Tanglebriar CT, Bastrop TX 78602 at an adjusted value of $496,934, with a smaller floor plan. With 3 comparable sales in PINE FOREST P III, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
